Iceland Just Jailed Dozens of Corrupt Bankers for 74 Years, The Opposite of What America Does

Reykjavik, Iceland – In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison.

The majority of those convicted have been sentenced to prison terms of two to five years. The maximum penalty in Iceland for financial crimes is six years, although hearings are currently underway to consider extending the maximum beyond six years.

The prosecutions are the result of Iceland’s banksters manipulating the Icelandic financial markets after Iceland deregulated their finance sector in 2001. Eventually, an accumulation of foreign debt resulted in a meltdown of the entire banking sector in 2008.

In two separate rulings last week, the Supreme Court of Iceland and the Reykjavík District Court sentenced three top managers of Landsbankinn and two top managers of Kaupþing, along with one prominent investor, to prison for crimes committed in the lead-up to the financial collapse of 2008. With these rulings the number of bankers and financiers who have been sentenced to prison for crimes relating to the financial collapse has reached 26, and a combined prison time of 74 years.

Massive debts were incurred in the name of the Icelandic public, to allow the country to continue to function, which are still being repaid to the IMF and other nations eight years later by the citizens of Iceland. In contrast to the U.S., Iceland has chosen to hold the criminals that manipulated their financial system accountable under the law.

“We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the people and didn’t introduce austerity measures like you’re seeing in Europe.”

While Iceland has prosecuted those that caused their financial crisis, America has done the opposite. In 2008, after Congress bailed out the failing American banks to the tune of $700 billion dollars, courtesy of the American taxpayer, many of the executives of institutions that received TARP bailout funds ended up getting large bonuses!

The prosecution of the Icelandic banksters represents an accountability that does not exist in the United States of America. It seems clear that the financial “Masters of the Universe” are the ones that truly control the political apparatus in the U.S., making it obvious there is no one who is going to hold them accountable for manipulating and crashing the financial markets.

Please share this article to help expose who really controls the political system in the United States!!

Jay Syrmopoulos is an investigative journalist, free thinker, researcher, and ardent opponent of authoritarianism. He is currently a graduate student at University of Denver pursuing a masters in Global Affairs. Jay’s work has been published on Ben Swann’s Truth in Media, Truth-Out, AlterNet, InfoWars, MintPressNews and maany other sites. You can follow him on Twitter @sirmetropolis, on Facebook at Sir Metropolis and now on tsu

Mike, the banks run this gov’t. The federal reserve makes their own laws to pass through congress, above the system, and has been controlling America for decades now. There is a lot of information to look up on the corruption of the US gov’t due to the federal reserve taking over and its history with american leaders. It played a part in the great despression ( was manufactured by them actually), Kennedys assination and is responsible in large for the the shit way this country is run financially. Take a look, its facinating, and disheartening.

You could tear down any government (which the US loves to do elsewhere) and the world still goes on. Because the banks hold currency in global markets, not just their own. They also hold everyone’s debt, which never goes away, and only increases. This is sole mantra of their existence.
A government is just a name for a group of puppets given the job of “running” a system that keeps the masses in check, and provides the illusion of stability, law and democratic process. When in reality, this just translates to control.
Ultimately, governments, laws, policies, etc, are all engineered well in advance by the corporate elite, bankers more so than anyone else.

Govt enables the behaviors you are describing. Banks don’t lock you up or point a gun at you. Govt does that. And they don’t get torn down as easily as you are making it out. They will fight tooth and nail to maintain their dominance. When markets are allowed to function banks and businesses must answer to those markets. Who does govt answer to? Why don’t you compete with banks or currency? Because govt actively prevents that. Why do you have so much debt vs lots of savings? Because the govt backs the monopoly on currency and allows the central banks to destroy your savings via inflation and other tactics.

Mike, the banks run this gov’t. The federal reserve makes their own laws to pass through congress, above the system, and has been controlling America for decades now. There is a lot of information to look up on the corruption of the US gov’t due to the federal reserve taking over and its history with american leaders. It played a part in the great despression ( was manufactured by them actually), Kennedys assination and is responsible in large for the the shit way this country is run financially. Take a look, its facinating, and disheartening.

You could tear down any government (which the US loves to do elsewhere) and the world still goes on. Because the banks hold currency in global markets, not just their own. They also hold everyone’s debt, which never goes away, and only increases. This is sole mantra of their existence.
A government is just a name for a group of puppets given the job of “running” a system that keeps the masses in check, and provides the illusion of stability, law and democratic process. When in reality, this just translates to control.
Ultimately, governments, laws, policies, etc, are all engineered well in advance by the corporate elite, bankers more so than anyone else.

Govt enables the behaviors you are describing. Banks don’t lock you up or point a gun at you. Govt does that. And they don’t get torn down as easily as you are making it out. They will fight tooth and nail to maintain their dominance. When markets are allowed to function banks and businesses must answer to those markets. Who does govt answer to? Why don’t you compete with banks or currency? Because govt actively prevents that. Why do you have so much debt vs lots of savings? Because the govt backs the monopoly on currency and allows the central banks to destroy your savings via inflation and other tactics.

I was just talking to a WW2 veteran, he mentioned that after the recovery from the depression, the country devalued the dollar by something like 30cents right off the top. He was gloating that he had most of his money in a mattress at the time som he did not get hit nearly as hard as everyone else…… I haven’t found anything to corroborate that, but it does worry me considering how the bank deposit boxes and stuff got a going thru.

I was just talking to a WW2 veteran, he mentioned that after the recovery from the depression, the country devalued the dollar by something like 30cents right off the top. He was gloating that he had most of his money in a mattress at the time som he did not get hit nearly as hard as everyone else…… I haven’t found anything to corroborate that, but it does worry me considering how the bank deposit boxes and stuff got a going thru.

Here’s how it works. Bankers invest in politicians, politicians create laws which are unjust and cause innocent people to be locked in a cage in for profit prisons owned by bankers producing profits who then provide funding to politicians to win elections to perpetuate the vicious cycle that makes the rich richer and the poor poorer. Any questions?

If you have a better analogy as to why Iceland has put corrupt bankers in jail and how it relates to corporate Merica i would absolutely be intrigued to listen to your side. sorry if I used to many big words there kinny. Might need a dictionary to figure out a rebuttal..

Wow your level of education amuses me. Having to use meme’s instead of words for any kind of retort shows whom the real moron really is. This post has nothing to do with comparing Iceland to Merica. The fact that a broken system was repaired by putting corrupt politicians in prison for their crimes is an example of what should happen in America. But I gather from your imbecilic retorts you don’t have the intelligence to see beyond your closed mind..

Kinny, brad gave a good well thought out paragraph on how the system works. And if you do the research you would see it for yourself. But instead you just come back with insult. This isn’t the 2nd grade.

Thanks Manuel. Unfortunately Kinny and his closed mind is another reason why a country as great as America once was has gained the reputation it has now. Lashing out at something he doesn’t understand instead of taking the time to try to understand another’s race, religion or personal beliefs. It’s sad really. I pray for him..

Bred, I call you bred because your to stupit to be called by the intelligent name you was given. This post professes to expose crooked cops. To put it in moron words that maybe you and manwell lizzyborden can understand, what the fuck does Iceland bankers have to do with bad cops in this country? Lol. Morons

You obviously can’t comprehend how a corrupt politician influences the police in America which was the same thing that was happening in Nordic countries. The difference is that in Iceland the people did something about it. You’re smart like dump truck.. Read a book man please. It must be embarrassing at times to have such a simple mind.

No dumbass, The same system in Iceland is used in America. It’s a COMPARISON. That means it’s the same.. Bankers and Politicians in Iceland have nothing to do with police in America. ITS JUST A COMPARISON.. The people in Iceland changed it by putting the bankers responsible in jail to give the power back to the people. UNLIKE what is happening in your country. I’m now embarrassed for your stupidity. Must be hard to make it through life being so stupid. Go weld something or dig a ditch you fucktard..

Wow. Comprehension was obviously not something you were born with. You are the epitome of why Americans have such a bad reputation for hatred and ignorance. God please bless this man for he knows not how dumb he is, he needs all the help he can get… Amen..
I’ll take my university degree and live life happily with grace, understanding and love. You take your Jr high school education and loath your life living with hatred and ignorance. At the end of the day you just don’t matter to me which is sad because I try to give everyone a chance but with you I won’t lose any sleep..

No bred, obviously you are to stupid to grasp comprehension and thought processes. Now, your trying to convince me that following cops has now went from exposing bad cops in this country to being the superman of the world. So here’s where and why you pathetic morons should at least question them. The only police stories I’ve seen on national enquirer/FC are American, Israeli, and occasionally British cops. But not one post or video of Iraqi, Syrian, Saudi Arabian cops beheading women on public streets for the major crime of not covering their face in public, alleged adultery, being in public without a male family member escort. Why don’t you answer that question moron lol. I’m eagerly awaiting your attempted intelligent response to that lol. You should be paying ME for informing you that your a moron lol

You should move to Iceland then moron. You still can’t answer my question as now that you’ve convinced me that FC is not just about crooked American cops, but now this worldwide superman seeking justice for all, but seems to be exclusive to crooked Icelandic banker, and bad Israeli and US cops. Why does FC not post miss Abdullah raghead walking down the street and committing the horrific criminal act of having her face uncovered, and getting be-headed for it on the street, and why don’t you morons question that, and the answer is because any way of defending not posting videos about it proves what blind little morons you are. We laugh and mock your blind stupidity lol

This discussion if that’s what you can call it, is about the original post which is expressing what the difference between what the Icelandic people have done to change the corruption of bankers and politicians in their country and what America has done nothing about. Plain and simple. Adding topics that have no significance to this debate, have no relevance. Long story short, changing the subject matter to something you might be less ignorant about just shows me your intelligence level. It’s pointless to continue. Be well Kinny, I wish you no ill will.

Here’s how it works. Bankers invest in politicians, politicians create laws which are unjust and cause innocent people to be locked in a cage in for profit prisons owned by bankers producing profits who then provide funding to politicians to win elections to perpetuate the vicious cycle that makes the rich richer and the poor poorer. Any questions?

If you have a better analogy as to why Iceland has put corrupt bankers in jail and how it relates to corporate Merica i would absolutely be intrigued to listen to your side. sorry if I used to many big words there kinny. Might need a dictionary to figure out a rebuttal..

Wow your level of education amuses me. Having to use meme’s instead of words for any kind of retort shows whom the real moron really is. This post has nothing to do with comparing Iceland to Merica. The fact that a broken system was repaired by putting corrupt politicians in prison for their crimes is an example of what should happen in America. But I gather from your imbecilic retorts you don’t have the intelligence to see beyond your closed mind..

Kinny, brad gave a good well thought out paragraph on how the system works. And if you do the research you would see it for yourself. But instead you just come back with insult. This isn’t the 2nd grade.

Thanks Manuel. Unfortunately Kinny and his closed mind is another reason why a country as great as America once was has gained the reputation it has now. Lashing out at something he doesn’t understand instead of taking the time to try to understand another’s race, religion or personal beliefs. It’s sad really. I pray for him..

Bred, I call you bred because your to stupit to be called by the intelligent name you was given. This post professes to expose crooked cops. To put it in moron words that maybe you and manwell lizzyborden can understand, what the fuck does Iceland bankers have to do with bad cops in this country? Lol. Morons

You obviously can’t comprehend how a corrupt politician influences the police in America which was the same thing that was happening in Nordic countries. The difference is that in Iceland the people did something about it. You’re smart like dump truck.. Read a book man please. It must be embarrassing at times to have such a simple mind.

No dumbass, The same system in Iceland is used in America. It’s a COMPARISON. That means it’s the same.. Bankers and Politicians in Iceland have nothing to do with police in America. ITS JUST A COMPARISON.. The people in Iceland changed it by putting the bankers responsible in jail to give the power back to the people. UNLIKE what is happening in your country. I’m now embarrassed for your stupidity. Must be hard to make it through life being so stupid. Go weld something or dig a ditch you fucktard..

Wow. Comprehension was obviously not something you were born with. You are the epitome of why Americans have such a bad reputation for hatred and ignorance. God please bless this man for he knows not how dumb he is, he needs all the help he can get… Amen..
I’ll take my university degree and live life happily with grace, understanding and love. You take your Jr high school education and loath your life living with hatred and ignorance. At the end of the day you just don’t matter to me which is sad because I try to give everyone a chance but with you I won’t lose any sleep..

No bred, obviously you are to stupid to grasp comprehension and thought processes. Now, your trying to convince me that following cops has now went from exposing bad cops in this country to being the superman of the world. So here’s where and why you pathetic morons should at least question them. The only police stories I’ve seen on national enquirer/FC are American, Israeli, and occasionally British cops. But not one post or video of Iraqi, Syrian, Saudi Arabian cops beheading women on public streets for the major crime of not covering their face in public, alleged adultery, being in public without a male family member escort. Why don’t you answer that question moron lol. I’m eagerly awaiting your attempted intelligent response to that lol. You should be paying ME for informing you that your a moron lol

You should move to Iceland then moron. You still can’t answer my question as now that you’ve convinced me that FC is not just about crooked American cops, but now this worldwide superman seeking justice for all, but seems to be exclusive to crooked Icelandic banker, and bad Israeli and US cops. Why does FC not post miss Abdullah raghead walking down the street and committing the horrific criminal act of having her face uncovered, and getting be-headed for it on the street, and why don’t you morons question that, and the answer is because any way of defending not posting videos about it proves what blind little morons you are. We laugh and mock your blind stupidity lol

This discussion if that’s what you can call it, is about the original post which is expressing what the difference between what the Icelandic people have done to change the corruption of bankers and politicians in their country and what America has done nothing about. Plain and simple. Adding topics that have no significance to this debate, have no relevance. Long story short, changing the subject matter to something you might be less ignorant about just shows me your intelligence level. It’s pointless to continue. Be well Kinny, I wish you no ill will.

thow aus in too. half.my parents age lost nearly half their super. btw 3 years before this the government introduced matched voluntary super contributions. they matched dollar for dollar any EXTRA super paid by persons… then gfc hits and all that extra mo ry from government and individuals disapears over night… yet the banks making th3 dodgy estimates off high risk loans still make thei billions a quarter. so individuals and tax payers pumped above and beyong the 10 percent forced upon us to pay lost all that money. i shouldnt say lost cause some elitists made some serious money during the gfc

thow aus in too. half.my parents age lost nearly half their super. btw 3 years before this the government introduced matched voluntary super contributions. they matched dollar for dollar any EXTRA super paid by persons… then gfc hits and all that extra mo ry from government and individuals disapears over night… yet the banks making th3 dodgy estimates off high risk loans still make thei billions a quarter. so individuals and tax payers pumped above and beyong the 10 percent forced upon us to pay lost all that money. i shouldnt say lost cause some elitists made some serious money during the gfc

Of course countries like that Norway Denmark and the such have free schooling medical gun control and that’s the key. In USA everything is run by money so no medical no gun control nothing. So suffer cuz that’s how you guess seem to want it that way

Of course countries like that Norway Denmark and the such have free schooling medical gun control and that’s the key. In USA everything is run by money so no medical no gun control nothing. So suffer cuz that’s how you guess seem to want it that way

This I don’t approve of. Now your just whining . On your side till now. So don’t go to a bank. I haven’t for years. I don’t need them and they don’t know about me. Way to cross over. Man damn. I’m a libertarian and u just deflated a lot of what I thought u stood for

This I don’t approve of. Now your just whining . On your side till now. So don’t go to a bank. I haven’t for years. I don’t need them and they don’t know about me. Way to cross over. Man damn. I’m a libertarian and u just deflated a lot of what I thought u stood for

If u want to stop a problem cut off the oxygen flow. Then it’s dead. Stop paying taxes while your at it u funk faking posers. Quit posting n take it in your own hands. Change comes if u get off of here n go make a difference. U ever see the same cop car parked in th

If u want to stop a problem cut off the oxygen flow. Then it’s dead. Stop paying taxes while your at it u funk faking posers. Quit posting n take it in your own hands. Change comes if u get off of here n go make a difference. U ever see the same cop car parked in th

We need to more than to arrest these monsters. They need international trials and summary executions broadcast live. Then other greedy rats like ISIS will get the hint. Yes bankers ISIS just look in the mirror and them punks are looking back at you!!

We need to more than to arrest these monsters. They need international trials and summary executions broadcast live. Then other greedy rats like ISIS will get the hint. Yes bankers ISIS just look in the mirror and them punks are looking back at you!!

Just got back from a holiday in Iceland. You should. It is alovely country. Have not seen a single police (wo)man in 11 days and everyone is lovely. According to wikipedia (not an always accurate source) the total capacity of the Icelandic prisons is 0.04% of their population.
Just saying…..

It is onl y by our participation in the processes of our government and system that things will change for the better—we can fight “city hall and the st atus quo–if we band together and do not give i nto to the apathy promoted by the elites and power brokers–Vote U.S. Senator Bernie Sanders and research your district’s candidates–time to clean the House-and senate!!

Just got back from a holiday in Iceland. You should. It is alovely country. Have not seen a single police (wo)man in 11 days and everyone is lovely. According to wikipedia (not an always accurate source) the total capacity of the Icelandic prisons is 0.04% of their population.
Just saying…..

It is onl y by our participation in the processes of our government and system that things will change for the better—we can fight “city hall and the st atus quo–if we band together and do not give i nto to the apathy promoted by the elites and power brokers–Vote U.S. Senator Bernie Sanders and research your district’s candidates–time to clean the House-and senate!!

The evidence / proof is everywhere and blatant. If people were just a little more concerned about paying attention to God and the demise of their country and life than in “Dancing with the Stars” and worshiping “their team” on Sundays, etc., things could be turned around and saved.

The evidence / proof is everywhere and blatant. If people were just a little more concerned about paying attention to God and the demise of their country and life than in “Dancing with the Stars” and worshiping “their team” on Sundays, etc., things could be turned around and saved.

Understanding the stranglehold bankers exercise is fundamental to understanding why not just the united States government, but most any other government of any industrialized nation is failing. In the case of the American government, its easily traced back. The federal reserve is a privately held bank. Not part of the federal government. They print money and LOAN it to the federal government at interest, creating a debt that cannot be repaid. For every dollar in existence, a percentage of that dollar represents debt to the federal reserve, effectively endlessly endebting the very government it loans it’s money to and thus, enslaving the population represented by this government. The IRS is another private organization that acts as the collecting agency for this debt. This is how bankers own the US government. Add to that the reality of fractional reserve banking that allows any banker to loan out some ten times more than what they have in actual assets and you may start getting an idea of the depth of the problem. And yes. You should take that literally. The 100k home loan you closed with your favorite bank was legally only backed by a 10k investment. That’s how none of these gangsters really suffered when the housing bubble imploded. At all. You did. But you don’t matter.

Understanding the stranglehold bankers exercise is fundamental to understanding why not just the united States government, but most any other government of any industrialized nation is failing. In the case of the American government, its easily traced back. The federal reserve is a privately held bank. Not part of the federal government. They print money and LOAN it to the federal government at interest, creating a debt that cannot be repaid. For every dollar in existence, a percentage of that dollar represents debt to the federal reserve, effectively endlessly endebting the very government it loans it’s money to and thus, enslaving the population represented by this government. The IRS is another private organization that acts as the collecting agency for this debt. This is how bankers own the US government. Add to that the reality of fractional reserve banking that allows any banker to loan out some ten times more than what they have in actual assets and you may start getting an idea of the depth of the problem. And yes. You should take that literally. The 100k home loan you closed with your favorite bank was legally only backed by a 10k investment. That’s how none of these gangsters really suffered when the housing bubble imploded. At all. You did. But you don’t matter.

I’d like a citation. This is now the seventh meme I’ve seen making this “claim.” From Iceland, Russia, and Finland to Mexico, Honduras, and Guatemala on everything from bankers, drugs, and taxes…. so… as a free thinking person, objectivity is a must here.

I’d like a citation. This is now the seventh meme I’ve seen making this “claim.” From Iceland, Russia, and Finland to Mexico, Honduras, and Guatemala on everything from bankers, drugs, and taxes…. so… as a free thinking person, objectivity is a must here.

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